BMW X3 Loaner Lease - RV and MF

Ask the Hackrs
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1

I am looking to lease a loaner X3 2024 (sdrive)
5k miles driven
36 months/15k miles

What would be the Residual Value and Money Factor?
For new cars it is currently 53% for 36/15k and MF is 0.0018.

Thank you

2

Use the LH calculator, put BMW as the make, insert the RV and MF in their respective boxes, and then under demo car mileage, put 5000, and then click $.25/mile adjustment. Boom. MF stays the same and RV adjusts by $.25/mile or $.30/mile depending on the model

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3

Thank you for your response. Also, since dealers give a minimum 12% off MSRP on new cars, is it fair to ask around 18% for loaners?

4

I wouldn’t say 2024 X3’s are a “minimum” of 12% off, that’s a bit extreme, but 18% sounds reasonable on a loaner to me, if it has really high mileage shoot for over 20%.

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5

Sorry, I agree with you. I meant maximum

Also by high mileage, do you mean above 12-15k miles ?

6

Above 10000 miles, I would ask for like 22% or more. Max is 15000 miles to lease cars from BMW FS

7

Anything over 12k I would want 20% or more, that’s just me.

8

do rebates fall off after 5000 miles? this was the rule before COVID, not sure if anything has changed. Most retired loaners I’m seeing have 6-8k miles now

9

Loaners can have up to 15k on them now.

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10

Oh snap - and the only impact is to the residual at .25 cents per mile over 500 miles ?

11

I’m looking at a demo with 12,000 miles - dealer is taking off 2% from the residual AND still charging the $.25 per mile over 500 - is this normal?

12

The dealer doesn’t have discretion on the RV or the amount of the mileage penalty.

Those are set by the lessor.

13

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